Bernie Ecclestone has admitted it is unlikely a bid to stage a Formula One Grand Prix at London's Olympic stadium will succeed.
A company called Intelligent Transport Services recently launched the bid to take over the Olympic venue and use it for a Formula One race once the London 2012 summer games have ended.
But on a visit to Olympic Park at the weekend, Formula 1's Chief Executive said he actually favours rival plans to stage a London street race that would see the cars drive past some of the city's most famous landmarks.
When asked about the Olympic stadium plans, Ecclestone said: "I would rather have a race where we originally planned in central London.
"It is a project we are going to try and make happen," he is quoted by the Times newspaper.